The results of a global study commissioned by CA Technologies show that “Leaders” who are investing in new innovation and development capabilities are growing revenue at more than twice the rate of “Laggards”, creating an Application Divide in the marketplace.
The study – How to Survive and Thrive in the Application Economy – analyzes results from a survey of 1,450 senior business leaders across 13 countries.
These “Leaders” overwhelmingly realize that software and application development is core to their future success. In fact, the study found that over 50 per cent of companies surveyed either have made, or will make in the next year, an acquisition specifically to add talent and strengthen their development capabilities.
“There is clear evidence that enterprises of all sizes, in all markets, have to embrace the application economy and place software development and delivery at the centre of their business strategy,” said John Michelsen, Chief Technology Officer, CA Technologies. “Business success is tied to application performance, and the ability of a business to drive growth is no longer just about the product or service they deliver, but increasingly about a complete software-driven experience.”
In addition to revenue growth, “Leaders”, as identified in the study, are experiencing 68 per cent higher profit growth and are seeing more than 50 per cent new business growth from new products and services.
Among the specific investments being made by “Leaders”, the study uncovered the following, as represented in this infographic:
• Innovation is at the core of their success: Almost half (49 per cent) of the “Leaders” have adopted DevOps methodologies and technologies to speed application delivery, versus only 6 per cent of the “Laggards”.
• Security is seen as a business enabler – not as a roadblock to growth: 47 per cent of “Leaders” are experiencing increased revenue from new services enabled by security. In fact, the study predicts that one-quarter of all IT spending will be devoted to security over the next three years.
• “Leaders” are embracing technology as a business enabler, deploying software to manage their IT investments more strategically and aligned with business goals.
• A key driver of success for “Leaders” is the adoption of mobility as an enterprise-wide strategy, with clear evidence of increased customer satisfaction and faster time-to-market.
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